[Congressional Record Volume 142, Number 104 (Tuesday, July 16, 1996)]
[Senate]
[Page S7908]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                   THE IRAN OIL SANCTIONS ACT OF 1996

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                KENNEDY (AND D'AMATO) AMENDMENT NO. 4588

  Mr. LOTT (for Mr. Kennedy, for himself and Mr. D'Amato) proposed an 
amendment to the bill (H.R. 3107) to impose sanctions on persons 
exporting certain goods or technology that would enhance Iran's ability 
to explore for, extract, refine, or transport by pipeline petroleum 
resources, and for other purposes; as follows:

       On page 7, line 8, strike all through page 8, line 20 and 
     insert:
       (b) Mandatory Sanctions With Respect to Libya.--
       (1) Violations of prohibited transactions.--Except as 
     provided in subsection (f), the President shall impose 2 or 
     more of the sanctions described in paragraphs (1) through (6) 
     of section 6 if the President determines that a person has, 
     with actual knowledge, on or after the date of the enactment 
     of this Act, exported, transferred, or otherwise provided to 
     Libya any goods, services, technology, or other items the 
     provision of which is prohibited under paragraph 4(b) or 5 of 
     Resolution 748 of the Security Council of the United Nations, 
     adopted March 31, 1992, or under paragraph 5 or 6 of 
     Resolution 883 of the Security Council of the United Nations, 
     adopted November 11, 1993, if the provision of such items 
     significantly and materially--
       (A) contributed to Libya's ability to acquire chemical, 
     biological, or nuclear weapons or destabilizing numbers and 
     types of advanced conventional weapons or enhanced Libya's 
     military or paramilitary capabilities;
       (B) contributed to Libya's ability to develop its petroleum 
     resources; or
       (C) contributed to Libya's ability to maintain its aviation 
     capabilities.
       (2) Investments that contribute to the development of 
     petroleum resources.--Except as provided in subsection (f), 
     the President shall impose 2 or more of the sanctions 
     described in paragraphs (1) through (6) of section 6 if the 
     President determines that a person has, with actual 
     knowledge, on or after the date of the enactment of this Act, 
     made an investment of $40,000,000 or more (or any combination 
     of investments of at least $10,000,000 each, which in the 
     aggregate equals or exceeds $40,000,000 in any 12-month 
     period), that directly and significantly contributed to the 
     enhancement of Libya's ability to develop its petroleum 
     resources.

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